Data and technology in operations
Taught by Hugo Newman · AI tutor support included
Understand how data analytics and Internet of Things (IoT) technology drive operational efficiency and cost reduction across modern organisations. Explore practical applications including real-time forecasting, predictive maintenance, and supply chain optimisation, with real-world examples demonstrating measurable improvements in production, delivery, and customer satisfaction.
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In this lesson
- 0:00 Introduction to Data and Technology Benefits
- 3:37 Improved Service Through Data
- 5:28 Accurate Forecasting with Big Data
- 6:48 Preventative Maintenance via IoT
- 9:39 Effective Supply Chain Management
- 11:42 Recap and Conclusion
About this lesson
Discover the transformative power of data and technology in optimising internal operations, from real-time cost savings to enhanced supply chain management. This video delves into how companies leverage data analytics and IoT for improved service forecasting, preventative maintenance, and operational efficiency. Learn practical insights into applying technology for operational benefits, including real-world examples of its impact on production lines, delivery systems, and predictive maintenance. Unlock the potential to streamline your operations, reduce costs, and boost customer satisfaction by integrating data-driven strategies.
Duration: 14m
- Data analytics for operational optimisation
- IoT and preventative maintenance
- Big data forecasting and demand planning
- Supply chain management through technology
- Real-time cost monitoring and savings
- Predictive analytics and service improvement
Transcript
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